Friday, November 04, 2011

MCX Bullion Updates

Tag
Gold MCX trend
MCX Gold may move back for the first support level & it will again move for the higher level. MCX Gold increased by 1.4 percent and hit a six-week high of Rs.28,022/10 gms yesterday. This bullion metal shows good positive trend over the dollar weekness and for the short term buying its seems good.

Silver Updates
Silver can also touch support level & from the down side it will bounce back & go for next higher levels. On the MCX, Silver December contract gained by more than 1 percent and touched an intra-day high of Rs.57,200/kg yesterday. From now silver has strong resistance on 57000.

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